Maruti Suzuki, India’s largest automaker, today announced plans to raise the price of its vehicles in January, due to continued cost pressure from inflation and recent regulatory requirements.
“While the company is making maximum efforts to reduce costs and partially offset the increase, it has become imperative to pass on some of the impact through increased prices,” the company said in a statement, adding that the increase would vary according to the models.
Maruti did not say how much it plans to raise prices.
(Except for the title, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Featured Video of the Day
What market watchers are saying about the unrest in China and the global impact